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Topic: What is the best coin for beginners to start trading? - page 6. (Read 2289 times)

sr. member
Activity: 1330
Merit: 291
Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?
Trading is not an easy job or business for someone who don't have the prerequisite or technical knowhow to just venture his or her money into, because of testimony from many people around saying trading is a lucrative business. Although, it is a lucrative business for those who have good knowledge of both technical analysis with the use of candle stick and fundamental issue. But notwithstanding, i will recommend buying bitcoin and hold for long period of time instead of altcoins.
newbie
Activity: 126
Merit: 0
Perhaps, it is better to participate in some Baunty campaigns. You will learn if this coin is good or bad. At least you will have a  seed capital to start trading this coin or any other.
full member
Activity: 462
Merit: 101
BitcoinSN - The Real Bitcoin!!!
Beginners in trading always ask this question, because they fear to choose the right coins. I always recommend beginner trader to go with bitcoins,as they are number one in the crypto currency market. Bitcoin also have good volume, high volatility and strong momentum to make it good option for beginner trader's. Apart from bitcoin you can go with Ethereum and litecoin. These three are best suited for beginner's. In Trading, make sure that you are passionate about trading and you are serious about making money through crypto trading and also see that you educate yourself and work hard for it.
hero member
Activity: 583
Merit: 503
Yep, don't dive completely into altcoins and if you decide to buy alts, do some research on which coins have really something to add to the cryptosphere. Don't get fooled by threads in the Altcoin sections like "which alts are worth buying". People answering over there are shilling for coins they possess in 99% of cases. Got burned myself pretty severely earlier this year when executing a trade based on the 'advice' of someone else.
member
Activity: 336
Merit: 11
I am no stable coin. to the mooonn.. and back
Well being  a newbie, i always recommend to go for bitcoin, because bitcoin have high average trade volume than all the other coins in the crypto market that makes it more volatile and more liquid in the cyrpto currency exchanges. There are few more coins that comes next to bitcoin like Ethereum, Litecoin, Neocoin, Dash, and Zcash. Which can also be traded in good way, but i will recommend you to go and experienced with bitcoins first and then try those other coins. And other than above mentioned coins, other altcoin are not suitable for beginner's and you should trade them only after you gain one year of experience .
full member
Activity: 474
Merit: 101
To be honest , short term trading​ is risky ( especially for beginners who don't have enough experience) , I advise you to learn first trading technics , and when you are well knowledged, you can start trading.
If you want to start trading small amounts of altcoins , go to altcoins section , post your issue , experts there will surely guide you .
Good luck
full member
Activity: 196
Merit: 103
Study the coin. it must have good developers, whitepaper, roadmap and target market.

Then risk only what you can afford to lose and dont put your eggs in one basket.

Good luck
X7
legendary
Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?

My expert advice is buy and hold a coin you believe in with real potential, avoid day trading.
sr. member
Activity: 686
Merit: 250
For a newbie the best is hold the majority of BTC, and if you want to trade start with a very small % . The probability to loose is high so i would advice to set a TARGET. Ready and see where you believe to see BTC in a while. If for any FUD BTC drops 1000$ it´s not hard for you to panic sell. It happens every day. So set your entry poit and imagine where you see BTC in a while. Then play a while but don´t sell it at a loss. HOLD

If it just for fun you can just buy a very cheap coin but with some volume /trade so you feel you have more quantity to play around. And just go ahead. With cents or feww dollars one can play and get to know the exchanges.
legendary
Activity: 2436
Merit: 1008
Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?

Go for coins that have low volume. Since you are new from the scratch, you don't need to undergo serious trade at the moment. You must learn and familiarize how trading works before going on actual trade. Don't worry it will not consume your time much and you can start live trades thereafter.

Try to play with the non serious trading experience at Yobit. There are low volumes coins there which is obviously as cheap compare to 1 pc. regular candy. You must be familiar on the exchange itself.
newbie
Activity: 84
Merit: 0
Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?

I would say Bitcoin is the best altcoin to trade because it has the liquidity needed. You don't want to be trading something that has low liquidity (like most altcoins) and be left holding a bag that no one wants to buy.

Of course, I think trading in general is like gambling for most people, you need a ton of experience, and even top traders lose money.

My advice is that you get a job and buy and hold bitcoin, and do only calculated trades. Daytrading will lead to loses in most cases.

in this way you will be quite easy to get a profit,, but I would suggest you more enter altcoin,, such as bitcoincash, dogecoin and ethereum.,. the three altcoins that have great strength in trading., and can help you manage the funds you keep in bitcoin so they can be well organized...

Okay thanks
hero member
Activity: 966
Merit: 501
Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?

I would say Bitcoin is the best altcoin to trade because it has the liquidity needed. You don't want to be trading something that has low liquidity (like most altcoins) and be left holding a bag that no one wants to buy.

Of course, I think trading in general is like gambling for most people, you need a ton of experience, and even top traders lose money.

My advice is that you get a job and buy and hold bitcoin, and do only calculated trades. Daytrading will lead to loses in most cases.

in this way you will be quite easy to get a profit,, but I would suggest you more enter altcoin,, such as bitcoincash, dogecoin and ethereum.,. the three altcoins that have great strength in trading., and can help you manage the funds you keep in bitcoin so they can be well organized...
legendary
Activity: 1204
Merit: 1028
Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?

I would say Bitcoin is the best altcoin to trade because it has the liquidity needed. You don't want to be trading something that has low liquidity (like most altcoins) and be left holding a bag that no one wants to buy.

Of course, I think trading in general is like gambling for most people, you need a ton of experience, and even top traders lose money.

My advice is that you get a job and buy and hold bitcoin, and do only calculated trades. Daytrading will lead to loses in most cases.
newbie
Activity: 84
Merit: 0
Please me Im new to trading cryptocurrency. What is the best crypto that I should start to trade? Any expert advice?
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